Capital markets news | Mon 11 Nov 2024
Debt and money markets
- MRCB’s RM5b sukuk programme AA- rating affirmed MARC NST
- Cagamas raises RM2.2b from 5 debt paper issues in Oct Edge NST Star
- Chinese builder Hopson in talks with Temasek unit for loan Edge
- China to swap CNY6t hidden debt with soft loans Mail
- China mandated banks to sell dollar notes in Saudi Arabia Edge
- Geely in talks for over EUR2b loan to refinance Volvo truck deal Edge
- US high-grade corporate bond spreads lowest since 1998 NST
- Coming M&A wave in US will be a boon for debt bankers Star
- Emerging market bonds attractive for rest of 2024 Star
Mergers and acquisitions
- ABS Capital buys 63.88% of Milux, triggers takeover at 43.2 sen Edge Star
- MRCB buys developer for RM18.9m NST
- Straits Mobile to cut U Mobile stake to 20% Edge NST Star
- DBS eyes Alliance Bank stake, KFH assets to expand into Malaysia Edge Star
- JF Tech buys Singapore-based semiconductor firms for RM26m Edge
- HLIB suggests IOI Properties reconsider Shenton House acquisition Edge NST
- Bain nearing deal to acquire Blackstone’s Avery Lodge Edge
- Boeing exploring USD6b sale of Jeppesen navigation unit Edge
- Portugal attracts potential buyers for partial sale of TAP in 2025 Edge
- Russia could merge its biggest oil companies into single producer Edge
Malaysian projects and business
- Steel Hawk bags Petra Energy offshore living quarters maintenance job Edge Star
- Fajarbaru pulls out of RM192m affordable housing project in Putrajaya Edge NST
- Quickash appointed P2P operator for purchase of Chery vehicles Edge
- FGV working with clients to facilitate export of CPKO products Edge NST Star
Malaysian economy and market news
- CPO futures at 2-year high, prices rally above RM5k Edge Star
- Takaful association launches new framework to expand reach Edge NST
- Takaful industry can do more to grow and advance social justice NST
- Industrial production index up 2.3% in Sep Edge Star
- Manufacturing sales value grew 2.9% in Sep to RM162.3b NST Star
- GDP growth of 5.3% forecast in 3Q Star
- Trump presidency largely neutral for Malaysia Edge NST
- Johor targets high-growth sectors to drive economic expansion NST
- Bursa Malaysia Derivatives posts record 2.3m contracts in Oct NST
- SESB’s transmission line tripped and caused Sabah power outage Edge NST
- Malaysia’s FDI up due to stability, policy reforms Star
- Promising prospects for Malaysia’s electric vehicle market Star
- Tailwinds in private aircraft servicing Star
Foreign projects and business
- Toyota aims to ramp up China production in a strategy pivot NST Star
- Soros fund management to shut Hong Kong office Edge Star
- US orders TSMC to halt shipments of AI chips to China NST Star
- American-JetBlue alliance breakup upheld by appellate court Edge NST
- Panama Canal may double container traffic Star
- Prada family to plan for drama-free succession Star
Foreign economy and market news
- Chinese, Indonesian firms to ink USD10b of deals Edge
- China, Indonesia agree on lithium, green energy, tourism deals Edge NST Star
- Southeast Asia prepares for factories fleeing Trump tariffs on China Edge Mail NST
- Xi says China willing to boost imports, business ties with Italy Edge
- China’s latest stimulus falls short of expectations Edge Mail NST Star
- China’s SMIC sees prolonged chip glut Edge
- China’s dairy farmers face mounting losses from economic woes Mail
- China consumer prices up slowest in 4 months Star
- Hong Kong central bank cuts interest rate after Fed move Star
- Bank of Japan aims to keep inflation target at 2% Star
- India’s rice inventories hit record high Mail
- Asia’s economic engine braces for Trump trade war Mail NST
- US farmers expect trade war from Trump’s China tariff pledges Mail
- Trump win sparks concerns over political influence on Federal Reserve Mail
- US inflation progress gets harder in last mile down Star
- Reeves’ UK budget shortfall breaks promise Star
- EU does not want trade war with Beijing NST
- Esports to grow to over USD9b by 2032 Star
Legal and policies
- Home Ministry confirms Bangladesh’s request to detain Bestinet founder Edge
- Techna-X narrowly escapes trading suspension NST
- Labuan Port Authority to fall directly under MOT Edge NST
- SEC fines Invesco Advisers USD17.5m over ESG claims Edge
- Toyota’s US executive lashes out at regulations promoting EV sales Edge
- Temu faces second EU probe for misleading sales practices Edge
- EU and China say progress in talks to avoid EV tariffs Edge
- Calls to relax EU bank capital rules Star